Month: April 2019


Artificial Intelligence (AI) – Expand value on Procurement & Supply Chain !!!


There is a great number of reports, articles, and studies done on Intelligent Procurement. This is indeed a rapidly evolving science. For context, it is prudent to define the Concept of Value, Value Chains, and Value Streams.

Value has 3 components:

  1. At set of activities are engaged in transforming inputs and raw materials from on stage to the next
  2. All activities are done right the first time
  3. Customers are willing to pay for the resulting outputs (good and services)

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